Precast Concrete Manufacturing in Canada - Industry Market Research Report

Concrete plans: Recent government initiatives will increase demand for industry products

Canadian precast concrete manufacturers design and manufacture products like tiles, slabs, panels, culverts, manholes, beams, and trusses. Precast concrete products are either precast using a standard mould or prestressed under the pressure of steel rods and are used in construction projects. Public utilities, energy, mining, and transportation infrastructure construction generate the most demand for precast and prestressed concrete, followed by residential and commercial building construction. The industry has experienced uneven performance over most of the five years to 2023, in line with volatile nonresidential construction markets, expounded by COVID-19. Overall, industry revenue is forecast to grow at a CAGR of 2.5% to $3.2 billion over the five years to 2023. This includes an increase of 0.4% in 2023 alone. Operators in the Precast Concrete Manufacturing industry in Canada manufacture precast and prestressed concrete products for use in various construction markets. Industry products include precast concrete slabs and panels, building boards, roofing tiles, railroad ties, posts and poles, in addition to prestressed bridge beams and trusses. The production of concrete blocks, bricks and pipes are excluded from this industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.